Siena Healthcare Finance led a $35 million asset-based line of credit for a New York-based home health company, which will use the line to support acquisitions and provide working capital for ongoing operations and growth initiatives.
The company serves more than 7,000 clients and provides care to people in their homes or communities, including personal care and companionship, skilled nursing, post-op care, pediatric care, specialized care and therapy care in the five boroughs of New York City.
“We are very excited to provide the financing structure that was important to the company. This line of credit will help to support their current business and accommodate growth initiatives. We look forward to a long-lasting relationship with the company, management team and owners,” Ed Kauffman, managing director of Siena Healthcare Finance, said.